Calling for mid-to-senior officials from Finance Ministries (or equivalent) in #CVFV20 member countries to apply for the fourth cohort of the V20 Climate Prosperity Fellowship.
Applications close at 31 July 2026. Learn more and register at: https://t.co/HMCTDoL74U
OPEC Fund Development Forum: Our President Dr. Abdulhamid Alkhalifa, together with HE Mia Amor Mottley @miaamormottley, Prime Minister of Barbados and Chair of the Climate Vulnerable Forum @TheCVF and the Vulnerable Twenty @V20Group (CVF-V20), announced the Vulnerability to Viability Compact.
Read more: https://t.co/L4kexd2Ico
Vulnerability to Viability.
A new Compact launched today at the OPEC Fund Development Forum aims to help the world’s most climate-vulnerable countries access more affordable finance with longer repayment rates.
The Vulnerability to Viability (V2V) Compact, a joint initiative of the OPEC Fund and the Government of Barbados, Chair of the Climate Vulnerable Forum @TheCVF and its V20 Finance Ministers @V20Group (CVF-V20), seeks to increase the flow and affordability of development finance for economies that have contributed the least to global emissions but suffer disproportionately from their impacts.
Bringing together 74 climate-vulnerable economies and over 15 partner development finance institutions, including members of the @arabcoordgroup, @AfDB_Group, @ADB_HQ, @Caribank, @AgendaCAF, @the_IDB, @IFAD and the @WorldBankGroup, the V2V Compact provides a platform for aligning finance, expertise and country-led priorities.
Prime Minister of Barbados, HE Mia Amor Mottley @miaamormottley, said: "Our countries are building water systems, schools, and medical infrastructure that will serve our people for generations, yet we are asked to finance them with debt that will become due within a decade. The V2V Compact confronts that injustice head-on. It rests on a simple principle: Countries lead, and finance institutions align.”
Our President Dr. Abdulhamid Alkhalifa said: “The V2V Compact reflects what the OPEC Fund was created for: solidarity, partnership and practical action. Over the past five decades, our institution has provided US$17 billion in support to countries of the V20 Group and we are committed to building on this partnership."
For more information: https://t.co/L4kexd2Ico
This is a joint initiative by the Government of Barbados, the Chair of the CVF-V20, and @TheOPECFund. Bringing together the 74 climate-vulnerable economies and over 15 partner DFIs, the #V2VCompact aims to mobilize much-needed flow and affordability of development finance.
The world’s most climate-vulnerable countries are positioning themselves to access more affordable capital with longer repayment rates under a new Vulnerability to Viability (V2V) Compact launched at the #OPECFundDevForum in Vienna today.
https://t.co/W37VI4DIsG
@TheOPECFund@miaamormottley The #V2VCompact unfolds a new era of development for the developing nations, where they define development priorities and shape better financing terms. This marks a partnership between the CVF-V20 and DFIs with a mutual accountability on resilience and development finance.
LIVESTREAM: “Shared Futures: Strengthening Resilience in Vulnerable Societies” A high-level plenary on the margins of the #OPECFundDevForum in Vienna, Austria
https://t.co/2k3gqiBhOV
#VulnerabilityToViability#V2VCompact
@TheOPECFund@miaamormottley Prime Minister @miaamormottley: On behalf of the 78 countries, I want to say a profound thank you for being able to bring dignity to almost a quarter of the world's population. Thank you very much.